Kategorie: Crypto News

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Altcoins today: CROSS, ECHO rally amid trading competition; SharpLink becomes top corporate ETH holder

  • CROSS and ECHO soar over 50% amid broad market declines.
  • Ongoing Binance Alpha trading competition keeps the tokens afloat.
  • SharpLink becomes the largest Ethereum holder among corporate entities with over 280K ETH assets.

Digital currencies displayed weakness on Tuesday as the global cryptocurrency market cap plunged 3% in the past day to $3.69 trillion.

While altcoins eye rapid bounce-backs after the corrections, Cross, ECHO, and Ethereum dominated today’s trends for different reasons.

CROSS and ECHO have rallied up to 60%, fueled by the ongoing trading competition of Binance Alpha.

On the other hand, SharpLink has become the top corporate Ethereum holder after the latest accumulation.

Binance Alpha ignites altcoin momentum

The leading exchange officially started its BNB Smart Chain Trading Competition via Binance Alpha.

The tournament allows users to share exclusive rewards by trading various coins.

The competition will run from 10 July to 21 July, featuring MemeCore (M), Infinity Ground (AIN), Echo Protocol (ECHO), MEET48 (IDOL), and CROSS.

The altcoins reflect excitement with bullish price actions, displaying upside momentum despite broad market weakness.

CROSS and ECHO have stolen the show with remarkable rallies in the past 24 hours.

The duo witnessed a surge in trade volume and user engagement amid Binance’s trading campaign.

The CROSS Trading Pool features 10 million tokens for the top 11,000 participants, whereas ECHO offers 10 million ECHO tokens to the top 5,000 traders.

ECHO hovers at $0.02380 after gaining more than 55% in the past 24 hours.

Its daily trading volume has increased by 240%, signaling massive interest in the token.

Also, CROSS gained 58% to trade at $0.2116, with a 110% uptick in 24-hour trading volume.

Cross and Echo Price chart

SharpLink: the new Ethereum corporate whale

While traders explored fast-moving tokens, another key development emerged behind the scenes.

The gaming firm has become the largest corporate Ethereum investor, with 280,706 Ether tokens.

That follows the latest acquisition, which saw SharpLink purchase 74,656 ETH, worth approximately $213 million, between 7 and 13 July.

SharpLink Ethereum Holdings

Moreover, the company’s strategy demonstrates confidence in the second-largest cryptocurrency by value.

Notably, it has staked 99.7% of its Ethereum stash, generating passive incentives.

SharpLink has earned around 415 Ether through staking since early June.

SharpLink pivoted into crypto in May after confirming the adoption of ETH as a treasury reserve asset.

Ethereum crossed $3,000 on Monday as Bitcoin rallied to new all-time highs of $123,000.

It trades at $3,050 at this publication, up 20% in the past week.

Analysts anticipated more uptrends toward the $3,500 resistance.

Some believe ETH will rally to $5,000 this summer.

Furthermore, proponents predict an imminent altcoin season as the current market structure mirrors 2021.

Crypto enthusiast Merlijn the Trader anticipates more than 10x from altcoins in the impending bull run.

The post Altcoins today: CROSS, ECHO rally amid trading competition; SharpLink becomes top corporate ETH holder appeared first on CoinJournal.

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Bonk price signals rally as open interest spikes by 9%

  • Bonk price is up as open interest and derivatives volume jump.
  • The memecoin’s price edged double digits to cross the $0.000030 level.
  • BONK could jump to $0.00050 as bulls target new momentum.

Bonk (BONK)’s price climbed more than 10% to hit highs of $0.0000305 in the last 24 hours, with the Solana memecoin seeing a notable spike in open interest and derivatives volume.

This uptick follows a rebound for top memecoins. In particular, it coincided with Bitcoin’s sharp rally to above $122k in the past few days, a move that triggered an altcoin bounce.

BTC’s surge has memecoins such as Dogecoin, Pepe, dogwihat and Bonk gaining. Also notable is fresh sentiment as interest amid the launch of Pump.fun’s token PUMP ignites overall meme recovery.

Bonk price jumps as OI rises 9%

As noted, Bonk’s price has ticked up as its market activity has surged.

One significant metric is open interest, which has risen 9% to see the number of bets on the token reach $48.5 million.

According to data from Coinglass, this growth accompanies a 20% increase in derivatives volume, which stood at over $534 million.

In the market, BONK has a 24-hour trading volume of $1.34 billion – up 23% during this period.

This rise in derivatives activity suggests heightened investor confidence, potentially driven by recent community efforts, such as the push to reach one million on-chain holders.

Bullish bets are also up as BONK targets a major token burn of one trillion BONK.

If the move happens, it will create scarcity and boost the value of the Bonk token.

Bonk price prediction

Most cryptocurrencies have witnessed an uptick in the past several weeks, with bullish predictions for altcoins and memes as BTC price eyes new highs.

Bonk is bidding for a similar trajectory with price-off lows of $0.000027.

Currently, bulls might want to hold above $0.000028 and target a break above $0.000035.

With price in an ascending channel in the past weeks, buyers may have the upper hand. However, the technical indicators provide a mixed outlook for Bonk’s future performance.

BONK price chart by TradingView

 

The 14-day Relative Strength Index (RSI) stands at 76, signaling overbought conditions that could lead to a short-term correction.

Conversely, the Moving Average Convergence Divergence (MACD) on the daily chart offers a bullish signal.

The histogram has increased with a strong uptick following a bullish crossover.

The combination of rising open interest, robust trading volume, and technical indicators presents a largely bullish picture for Bonk.

Although an overbought RSI suggests caution, the MACD and broader long-term crypto projections favour buyers. Support levels include $0.000026 and $0.000015.

The post Bonk price signals rally as open interest spikes by 9% appeared first on CoinJournal.

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DOGE could retest the $0.18 support level before rally resumes

Key takeaways

  • DOGE is down 7.5% in the last 24 hours as the broader crypto market retraces.
  • The coin could drop to the $0.18 resistance level before resuming its rally.

DOGE dips 7.5% as broader crypto market retraces

The cryptocurrency market had an explosive start to the week, with Bitcoin hitting an all-time high of $123k while Ether rallied above $3k. DOGE, the native coin of the Dogecoin blockchain, also rallied to the $0.215 level on Monday.

However, the broader crypto market is currently in a retracement, with selling pressure keeping the price down. BTC is trading below $117k while Ether has dropped to the $2,900 region.

Dogecoin is not left behind as the leading memecoin has lost 7.5% of its value in the last 24 hours to now trades below $0.20. The correction could last longer as the bears could test the lower support in the coming hours.

However, DOGE could resume its rally soon as institutional activity shows growing demand. Market participants are speculating about fast-tracked ETF paths for high-volume tokens like DOGE and XRP, prompting whale-led accumulation near local lows.

DOGE could retest $0.18 support level

The DOGE/USD 4-hour chart is bullish and efficient despite the coin losing 7.5% of its value in the last 24 hours. The technical indicators are still bullish but are showing signs of exhaustion.

If the current correction continues, DOGE could test the next support level (TLQ) at $0.18046 over the next few hours. At press time, DOGE is trading at $0.1916. However, if the retracement drags on longer, DOGE could retest last week’s low of $0.16510.

DOGE/USD 4H Chart

The RSI of 56 shows that the bullish bias is fading. The MACD lines are also approaching the neutral zone, suggesting limited buying orders. If the bulls recover control of the market, DOGE could surge past Monday’s high of $0.21374 before testing the $0.22856 high. In the event of an extended rally, DOGE could test the May high of $0.260.

The post DOGE could retest the $0.18 support level before rally resumes appeared first on CoinJournal.

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1inch price forecast: 1INCH hits 7-month high after double digit gains

  • 1inch price reached highs of $0.36, a 7-month peak.
  • The price of 1INCH could break the short-term hurdle at $0.50 and target $1.
  • Currently, 1INCH trades around $0.33, near a critical pivot zone.

1INCH, the native token of the 1inch Network, has skyrocketed to a seven-month high of $0.36, up 11% in 24 hours and more than 80% in the past week.

This uptick, fueled by a combination of team accumulation, exchange withdrawals, and booming decentralised activity, signals a potential structural reversal for the decentralised exchange aggregator.

With trading volumes spiking and technical indicators flashing bullish signals, it’s possible 1INCH could extend gains.

1inch price performance

1inch has extended its recent rally, building on gains since rebounding from a low of $0.18 on July 8, 2025.

The token, which had traded as low as $0.15 in April, has since broken through a key resistance level to reach price levels not seen since January.

The latest surge comes amid reports of significant accumulation by the project team, with millions of dollars’ worth of 1INCH tokens reportedly purchased.

The development has reduced the circulating supply and reinforced investor confidence, helping fuel the current bullish momentum.

However, the altcoin’s gains align with Bitcoin’s retreat.

Profit taking has pushed BTC down from above $122k to around $117k, suggesting a likely downturn.

Nonetheless, analysts are bullish that a reversal will give bulls another lift.

“Bitcoin’s retracement is healthy: it slows leverage, resets funding rates and implied volatility, and moves open interest from speculative upside calls into fresh strikes and maturities, giving the next leg of the bull market a sturdier foundation,” said Pierre Rochard, CEO of the Bitcoin Bond Company.

What’s next for 1INCH?

1INCH’s trajectory has been on the upside since July 8 as buyers broke above the short-term hurdle of $0.32.

With a successful retest in place, the 1inch price could go on to target highs of $0.50.

Short-term, a break above $1 will encourage bulls to hunt the April 2022 supply zone around $1.77.

1inch price chart by TradingView

The nearly 80% spike this week also comes amid fresh DeFi momentum, with trading volumes across decentralized exchanges on the up.

The MACD indicator remains bullish. However, 1INCH is trading in the overbought zone with the daily RSI at 78.

As such, currently trading at $0.37 means 1INCH sits at a critical pivot zone.

Resistance levels at $0.37, $0.39, and $0.42 are the immediate hurdles.

If bulls break these barriers, a rally toward $1 or higher could unfold.

However, traders might want to watch for volatility, as a pullback to $0.30 could welcome bears back into contention.

The post 1inch price forecast: 1INCH hits 7-month high after double digit gains appeared first on CoinJournal.

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CROSS defies crypto slump with 58% surge

  • CROSS, a layer 1 blockchain designed for web3 game development, has seen its price surge more than 58% in 24 hours.
  • Gains for CROSS come as top coins retreat.
  • While price may dip amid profit taking, bulls may bneefit from overall crypto bounce.

Cross (CROSS) has surged over 58% in the past 24 hours, making it a standout performer among the top 500 cryptocurrencies by market capitalization.

This sharp increase comes at a time when major cryptocurrencies like Bitcoin and Ethereum are experiencing a pullback, with many paring recent gains.

The CROSS token, tied to an innovative layer blockchain project targeting web3 games, has gained amid a number of positive catalysts.

Why is CROSS price up today?

CROSS is an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain tailored for web3 game development.

It offers developers plug-and-play software development kits (SDKs), a gaming token protocol, and seamless interoperability with other blockchains.

These features enable game developers to integrate blockchain technology effortlessly, supporting asset ownership and trading for players.

The CROSS token powers various functions on the L1 – gas, governance, and staking. It benefits from its fixed supply and increased onboarding of games, with its goal being to scale web3 gaming by bridging traditional web2 games with decentralized ownership.

CROSS token’s impressive gains of 58% in the past 24 hours bucks the pullback seen with BTC and ETH.

While the mega caps are seeing a retreat, CROSS has spiked more than 180% in the last week, with this uptick coming amid a wave of listings on major cryptocurrency exchanges.

This has happened since early July, when CROSS began trading on prominent platforms, including Binance Futures, Bitget, Bybit, KuCoin, and Gate.io. Exchanges have listed spot pairs and futures for the token, significantly boosting its visibility and accessibility.

Like in other scenarios, these milestones have attracted upside pressure and driven trading volume higher.

For instance, CROSS has surged more than 350% since July 6, 2025 when it rose from lows of $0.04657. The altcoin touched its all-time high of $0.2874 on July 11.

While price is down 25% since the peak, bulls are showing fresh upward momentum.

Crypto pullback? What does this mean for CROSS?

As noted, the broader cryptocurrency market is currently experiencing a pullback with major coins like Bitcoin and Ethereum facing downward pressure after recent rallies.

However, despite this pullback, CROSS has demonstrated notable upside strength.

The token’s price trajectory suggests continued investor confidence, particularly as the web3 gaming sector picks new traction.

In this case, the price of CROSS could benefit from new inflows, particularly as top coins bounce amid macroeconomic and regulatory developments.

The post CROSS defies crypto slump with 58% surge appeared first on CoinJournal.